Calling all Docs! Physician Chapter/Interest Group

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White Coat Investor
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Calling all Docs! Physician Chapter/Interest Group

Post by White Coat Investor » Sun May 27, 2007 7:36 am

I have received a number of PMs from physicians who are interested in forming a physician-chapter/interest group to address some of the unique issues common to the financial aspects of being a physician. Some of these include:

1) Starting financial life in a big hole ($50-250K in student loans)
2) Minimal income until later in life/inability to begin saving early
3) Instant jump to high tax brackets
4) Dealing with otherwise intelligent colleagues who know little to nothing about investing
5) Asset protection issues (Newsflash! People like to sue doctors.)
6) Practice management issues
7) Disability/Life insurance issues

I don't know if we'll ever be able to meet personally (although perhaps we could do it as a side-event at a regular diehards reunion) but please reply if you are interesting in joining/discussing these issues. Maybe Mel will even bestow an official chapter number on us.

I would even be open to allowing other professionals with similar financial issues to join-Podiatry and Dentistry come to mind off the top of my head.

Edit: 12/22/2010- There is a yahoo group started for Physician Bogleheads. It's called, appropriately, Physician Bogleheads. Feel free to join and use it to receive messages from likeminded folks with similar interests.
Last edited by White Coat Investor on Wed Dec 22, 2010 2:01 pm, edited 1 time in total.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

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Mel Lindauer
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Re: Calling all Docs! Physician Chapter/Interest Group

Post by Mel Lindauer » Sun May 27, 2007 8:01 am

EmergDoc wrote:Maybe Mel will even bestow an official chapter number on us.
Hi EM:

I think it's a great idea. Our Diehards Local Chapters are all about putting Diehards in touch with each other. so if you get five or more in your group, and you (or someone else) agrees to be the coordinator for the chapter, I'll assign you the next available Diehards Local Chapter number and add your group and contact informaiton to the Diehards Local Chapters Map.

Since it sounds like your group might be national in scope, you'd have to decide on a chapter name as opposed to the traditional city name for the group.

Good luck and best regards,

Mel

sbisheff
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Post by sbisheff » Sun May 27, 2007 9:07 am

I'd be happy to participate.


Me: ER physician
Where: Coastal California
Age:37
Expertise in finances: very little, but learning. Invested in index funds Vanguard, attempting to obtain good asset allocation/etc.

Thanks!

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nick22
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Sounds good

Post by nick22 » Sun May 27, 2007 10:17 am

Good idea. Count me in. (age 35, pediatric pulmonary and sleep medicine, Cincinnati).

I assume LH would be in too. He organized our local chapter and is, I believe, and ER phycician in his late 30s.
Nick22

anesdoc
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Post by anesdoc » Sun May 27, 2007 10:31 am

I'd certainly be interested as well and would help set up if necessary. I'm mid 30's, split time between anesthesia and pain management, and have been out of residency/fellowship for 5 yrs.

wenzee
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Post by wenzee » Sun May 27, 2007 10:58 am

:o
Count me in. I am an anesthesiologist who has been interested in this board for five years. I survived the great boom and bust of the last ten years, and have worked hard at getting my asset allocation right, despite having numerous accounts in taxable, and tax sheltered investments. Don't I wish we could have a Roth account!
Wenzee

MitchL
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Post by MitchL » Sun May 27, 2007 2:02 pm

Me too.
read often, post infrequently...

Good luck overseas, EmergDoc.

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johnoutk
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Post by johnoutk » Sun May 27, 2007 2:24 pm

I'd like to join. Anesthesiologist in the midwest in a university hospital. Have been doing a lot of reading and learning about investing and feel like I'm getting a decent grasp on it. Had to extricate myself from an Ameriprise financial planner, but I'm doing much better now. :lol:

Karan
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Post by Karan » Sun May 27, 2007 10:50 pm

Count me in.
I have been a long time lurker (on our sister website and now here). Stumbled on to diehards one lucky day when fool.com had just became a paid site. I don't post much as I don't feel confident enough to guide others on investments. I trust vanguard (and only vanguard) with my investments.

Karan
Internist east of Atlanta.

penumbra
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I'd be interested.

Post by penumbra » Sun May 27, 2007 11:13 pm

Radiologist, coastal CA, well along on the investing continuum, made most the the mistakes already (I hope).

mcgarrett
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Post by mcgarrett » Sun May 27, 2007 11:19 pm

I'd like to participate. I'm an academic neurosurgeon in the Northeast in the mid- to late accumulation stage, but with three young kids, who started lurking about a year ago, and now I am trying to straighten out some early investing miscues.
Steve

strafe
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Post by strafe » Sun May 27, 2007 11:59 pm

I'd like to join. Am still in medical school, but that will soon change. :D I guess that puts me in the enviable position of figuring these things out young.

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Mel Lindauer
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Diehards Doctors

Post by Mel Lindauer » Mon May 28, 2007 7:44 am

Hi EmergDoc:

Looks like you've got critical mass! Now all you need to do is tell me who will be the Chapter coordinator and provide the following:

1. The name of the Chapter coordinator
2. The e-mail contact for the coordinator (suggest this be a Yahoo or Hotmail e-mail specifically for this group so you don't have to expose your actual e-mail address on the Internet).
3. The name of your group (Diehards Doctors, Diehards Physicians, Diehards Medical Professionals, or something else?)

Once I have that information, I'll add your national group to the Diehards Local Chapters Map and you'll be in business. http://www.lostsprings.com/diehards/chapters/

You can use this Forum's Diehards Local Chapters Forum to discuss your affairs and to keep in touch with each other.

Good luck and best regards to all,

Mel
Last edited by Mel Lindauer on Mon May 28, 2007 11:52 am, edited 1 time in total.

jayhawk05
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Post by jayhawk05 » Mon May 28, 2007 11:45 am

I also would like to participate. I am currently in dental school but it's never too early to start thinking about different options.

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LarryG
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Post by LarryG » Mon May 28, 2007 2:36 pm

I would be interested in joining even though I am a retired physician.

Larry G.

vbobba
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Doctors chapter

Post by vbobba » Mon May 28, 2007 4:09 pm

Hi EM doc, I think this is a great idea and I will be willing to participate. Most of us though on this forum have probably more financial savvy than the bulk of the docs not visiting this site. I would like to see how we can spread the word to those who dont visit this site. :idea:
Financial Security through Financial Planning

Rajsx
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I Would Like To Join

Post by Rajsx » Mon May 28, 2007 6:33 pm

Hi EMERG DOC,

It is a good idea, a lot of common issues involved.

51yrs, Non Invasive Cardilogy & Int. Medicine, Started Practice Late at 37

Rugularly visit this forum, learnt a few things, but lot more to learn.

Not sure, whether I can advice others. All investments in Vanguard

Mutual Funds.

Regards

markh
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Post by markh » Mon May 28, 2007 7:48 pm

Count me in.

50 yr old AIDS/Pain/Addiction specialist in Beverly Hills, CA

Great idea!

mark

jgreenmd
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Add me to list

Post by jgreenmd » Mon May 28, 2007 8:29 pm

Emergdoc...
I am invasive cardiologist in Northeast...3 years in practice. Have some money to invest, two young kids (with 529's), found site by reading bogleheads guide to investing and have both taxable and nontaxable accounts (I do contribute to nondeductible IRA hoping to convert in 2010...not sure if this is right thing to do)

Will take all advice and hope eventually to give some.
Thanks

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jiclemens
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Count me in

Post by jiclemens » Mon May 28, 2007 8:51 pm

partner is nearing retirement as pediatrician in coastal northern CA.

redymed
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count me in

Post by redymed » Tue May 29, 2007 7:52 am

Internist in Alabama, Wife is doc too, One child , another on the way, turning 37

robiu977
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Count me in

Post by robiu977 » Tue May 29, 2007 2:51 pm

I am definitely interested. I am 29, about to start my anesthesia residency in the midwest. Thanks!

Joe H
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Count me in

Post by Joe H » Tue May 29, 2007 3:54 pm

Interested - infrequent poster been around diehards for years.

Live in Gulf South - Physician mid career.

Thanks EmergDoc for your many contributions.

Joe H

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lucky7
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Where are you, emerg doc

Post by lucky7 » Tue May 29, 2007 5:06 pm

I am in NJ. Emerg doc where are you located?
Scotty, beam me up.

Rudie
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Post by Rudie » Tue May 29, 2007 6:07 pm

I am interested. Occupational medicine doc in the midwest.
Thanks.

pleezd
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me too!

Post by pleezd » Tue May 29, 2007 6:47 pm

32, Chicago, Radiologist

lurking, and getting my feet wet over the last year or two. Would love to be a part of this!

cbrad
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Post by cbrad » Wed May 30, 2007 8:22 am

Also interested - 30 yo radiology resident in Fla with two more years of training.

LFT_PFT
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Like to join

Post by LFT_PFT » Wed May 30, 2007 9:22 am

Wife is an OBGYN in Southwest. I am a regular lurker and would also like to participate.

robiu977
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newbie

Post by robiu977 » Wed May 30, 2007 2:44 pm

I am new to this board. Where do we post questions, advice, tips ...? Thanks if anyone can answer that for me.

Laura
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Sub forums

Post by Laura » Wed May 30, 2007 2:47 pm

robiu977,

You would post investing questions in the investing sub-forum. If you have off topic items to discuss then the OT forum is the best. There are local groups so if you want to contact them then this forum on the local chapters is your best option. For technical forum questions on "how to" then there is a special sub-forum for that as well.

Welcome and we look forward to more of your posts.

Laura
The views presented are my own and not necessarily those of the Department of State or the U.S. Government.

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paulob
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Post by paulob » Wed May 30, 2007 3:10 pm

Interesting, a lot of the replies are the 1st or 2nd post made.

By the way, I'm an accountant. If I join this user group, can I wear scrubs to work?
Paul

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Mel Lindauer
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Post by Mel Lindauer » Wed May 30, 2007 5:42 pm

paulob wrote:Interesting, a lot of the replies are the 1st or 2nd post made.

By the way, I'm an accountant. If I join this user group, can I wear scrubs to work?
Hi Paul:

That's not surprising, since we always have lots of "Guests". In fact, as I post this, there are currently 35 "Guests" visiting our site. Lots of folks just view the posts as Guests, but when they see something they want to respond to, they have to sign up as a member in order to make a post. So that explains the number of first-timer posters responding to something they want to be part of.

Regards,

Mel

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White Coat Investor
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Post by White Coat Investor » Wed May 30, 2007 6:36 pm

It is good to see so many people "jumping on the bandwagon." I didn't realize just how many docs there were on here, and I'm sure this is only a small fraction. Two issues remain...1) Who wants to be the official leader? (trust me, I have more than enough leadership opportunities in my life right now) and 2) What exactly do we want to do as a "chapter." The other chapters provide an opportunity to get together with a handful of diehards without flying across the country to do so. Any ideas?
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

sunshinebottom
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count me in

Post by sunshinebottom » Wed May 30, 2007 11:08 pm

Lurker--came to here from fool discussion boards. 52 year old family practice rural Nebraska. Count me in.

kaveman
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me too

Post by kaveman » Thu May 31, 2007 2:21 am

Count me in. A couple of years out of training as a neurologist. Wife is family practice as well. I've mostly lurked for the past year.

kv

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paulob
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Post by paulob » Thu May 31, 2007 6:30 am

Mel Lindauer wrote:Hi Paul:

That's not surprising, since we always have lots of "Guests". In fact, as I post this, there are currently 35 "Guests" visiting our site. Lots of folks just view the posts as Guests, but when they see something they want to respond to, they have to sign up as a member in order to make a post. So that explains the number of first-timer posters responding to something they want to be part of.
Hi Mel,
I understand. But I don't usually see so many 1st or 2nd posts on ONE thread. So, while I agree its not surprising, I just wanted to comment that Emergdoc hit a hot spot (home run?) with the guests and lurkers.
Paul

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Mel Lindauer
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Post by Mel Lindauer » Thu May 31, 2007 6:59 am

paulob wrote:Hi Mel,
I understand. But I don't usually see so many 1st or 2nd posts on ONE thread. So, while I agree its not surprising, I just wanted to comment that Emergdoc hit a hot spot (home run?) with the guests and lurkers.
Hi Paul:

As you pointed out, it's obvious that EmergDoc his found a need. Perhaps our Diehards Local Chapters Forum can help satisfy that need and provide them with a "home base".

Regards,

Mel

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WiseNLucky
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Post by WiseNLucky » Thu May 31, 2007 7:50 am

paulob wrote:By the way, I'm an accountant. If I join this user group, can I wear scrubs to work?
We need to start our own thread. If there are enough of us, perhaps Mel would let us have our own chapter too!
WiseNLucky

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Ranger
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Post by Ranger » Thu May 31, 2007 8:19 am

Count me in

My wife is a doc here in florida.

But I follow this site religiously from past 1 year

thx

twalkabout
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count me in too

Post by twalkabout » Thu May 31, 2007 10:26 am

Count me in too. 32 y.o. EM doc in NJ, moving to Texas. Not yet a year out of residency. I've got a solid $5,000 in savings and a mere $300,000 in debt. Good times. Just found this forum today. Will be setting up and maxing a SEP-IRA at my new job, probably will use Vanguard.

Penguin
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Physician diehards

Post by Penguin » Thu May 31, 2007 11:16 am

I would like to join also. I think physicians may have special needs and interests. I just retired after practicing Internal Medicine for 35 years. Am I still eligible?
Jon

NeonatalDoc
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Myself as well

Post by NeonatalDoc » Thu May 31, 2007 12:58 pm

Let me join in as well as a frequent "Guest" who is very interested. I'm a neonatology fellow in the southwest, 29 years of age. Wife is a doc as well. Working on eliminating debt and building up savings!

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family_doc
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Soon to be retiree

Post by family_doc » Thu May 31, 2007 2:33 pm

Family doc for 27 years in western Pennsylvania.

Retiring in 38 days!

Enough of the rat race!

Perhaps may offer perspectives to accumulators on the forum

Interested in joining

family_doc

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fundtalker123
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Post by fundtalker123 » Thu May 31, 2007 2:47 pm

My wife is finishing residency this year. Although she is not much interested right now in financial matters or investments, I'd be interested in following doc-related matters discussed by Bogleheads. I had posted previously a question on disability insurance and recieved many helpful replies from docs on this board:

http://www.diehards.org/forum/viewtopic ... highlight=

robiu977
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Post by robiu977 » Thu May 31, 2007 5:30 pm

paulob wrote:
Mel Lindauer wrote:Hi Paul:

That's not surprising, since we always have lots of "Guests". In fact, as I post this, there are currently 35 "Guests" visiting our site. Lots of folks just view the posts as Guests, but when they see something they want to respond to, they have to sign up as a member in order to make a post. So that explains the number of first-timer posters responding to something they want to be part of.
Hi Mel,
I understand. But I don't usually see so many 1st or 2nd posts on ONE thread. So, while I agree its not surprising, I just wanted to comment that Emergdoc hit a hot spot (home run?) with the guests and lurkers.
Yes, there are a lot of first timers. I was actually directed to this thread by Laura. I had been posting on M*.

veeru99
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Post by veeru99 » Thu May 31, 2007 5:52 pm

Count me in. Doc in Internal medicine, Connectcut. I am not a first timer :)
veeru

henry
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Post by henry » Thu May 31, 2007 11:13 pm

Wow, quite a few doctors on this board. I'll chime in too.

I'm 32 and trained in internal medicine. I have lurked on this board for a year and learned a lot. Like some others, I haven't posted much since investing has been a relatively new to me but I hope to participate more in discussions in the future.

jgreenmd
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Post by jgreenmd » Fri Jun 01, 2007 10:11 pm

so does everybody just keep posting that they will join the chapter? What actually happens once one "joins"...how do I know if I am in?...do we have chapter meetings online?...who develops an agenda?...sorry i have so many questions, i just don't know where we go from here...and what i can do to help.

wmp
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Post by wmp » Sat Jun 02, 2007 12:44 am

Count me in. Wife is a FP doc in the Navy.

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White Coat Investor
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Post by White Coat Investor » Sat Jun 02, 2007 5:58 pm

jgreenmd wrote:so does everybody just keep posting that they will join the chapter? What actually happens once one "joins"...how do I know if I am in?...do we have chapter meetings online?...who develops an agenda?...sorry i have so many questions, i just don't know where we go from here...and what i can do to help.
Good question, let me know if you have some answers. If nothing else, it is nice to see who is a doc. I have considered several things we can DO as a chapter. The first is to have a separate little get together at the national diehards meeting each year. The second is perhaps to have someone volunteer to post a well-researched physician specific thread once a month or so on which we can participate in the "local" forum. The third is perhaps to set up a PM list (is this possible) so that any of us can PM all of us in the event a physician relevant topic comes up on the main board. I don't know about all you, but there are times I don't log in each day. If you go more than a day or two, you can miss entire threads that you might really enjoy. Any other ideas are more than welcome. Also, is there anyone willing to be the chapter coordinator?
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

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